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...The think-tank noted that Britain’s rich donate much less than peers in countries with comparable welfare states, such as Canada and New Zealand, and found that half of all donations from the wealthiest...
...Lex Greensill was previously named in Australian court proceedings as a beneficiary of this trust, which is named after his younger brother Peter, who manages the Greensill family’s sweet potato and watermelon...
...However, from April 6 2025 the new regime will apply UK tax to any income and gains in trusts whenever settled if the settlor has been UK resident for more than four years....
...Some people, such as non-residents or those who earn income from trusts or partnerships, cannot use the HMRC platforms, while bankrupts and those filing on behalf of estates are among those who have to file...
...Alastair Tulloch, a Khodorkovsky trustee, said its grant-giving activities had been impaired by the Russian government’s designation of the foundation as an “undesirable organisation” in July 2021....
...john.burn-murdoch@ft.com, @jburnmurdoch...
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents, and paid out a distribution of more than $2.8bn, resulting in the first annual shortfall of cash from...
...The trust invests in high-growth companies such as Nvidia and Tesla....
...One of the neighbours, a trustee of the Keith Collins Will Trust, called McCarragher and asked him to go and make a visual inventory of Prospect Cottage, not knowing what would happen next....
...held in trust and most curators are very reluctant to dispose of even minor objects: one report described it as a “taboo” in the profession....
...The psychology behind the proposals is irrelevant, as Ingrid Robeyns argues in her new book Limitarianism. Feel free to diagnose me as jealous of billionaires....
...Yet as recently as August last year, renewable energy infrastructure trusts were trading at a premium, unlike most of the rest of their peers....
...After a lifetime spent watching the markets, I am struck how, with each new cycle in which central banks act as lenders of last resort, debt mounts inexorably. We continue to muddle through....
...John Podmore, then a trustee for the Pilgrim Trust, to which Batmanghelidjh applied for funding, recalled that while she was expert at focusing attention on the needs of young people who were being left...
...Rothschild’s eldest daughter Hannah has emerged as his heir apparent. She is director of RIT, chair of Yad Hanadiv and has followed in his footsteps as trustee and then chair of the National Gallery....
...For example, trusts may be taxed differently in the two countries. If you have set up a US revocable trust and are the sole trustee, you should review this before coming to the UK....
...Enter stage right New York-based hedge fund FourWorld, whose chief investment officer John Addis told the FT that the deal was “one of the most egregious cases we have ever seen” of a majority shareholder...
...But in a bear market, as we had recently, depreciating capital combined with little or no income is hardly encouraging....
...Banking facilities can also come as part of a broader package of services, depending on the value of the trust and how this is to be invested....
...in fixed income There’s no benefit to adding just another bond sector to a portfolio As you’d expect for the head of US securitised products at a US asset manager in desperate need of inflows, it’s all...
...“Fixed income has come back as a really investable asset class — the ability to invest in fixed income and make mid single-digits of yield,” says John Graham, president and chief executive officer of CPP...
...A recent suite of experiments in the UK and US also found consistent evidence that zero-sum thinking predisposes people to downplay the potential benefits of trust and co-operation, and see others as potential...
...Data published by the regulator last month showed that only around a quarter (24 per cent) of DC schemes were meeting a requirement to assess value for members, with larger schemes, such as master trusts...
...At Unhedged, we have thought about this a lot, and are not quite as confident as Plender or Marks that we have entered a new era for rates....
...While that total is still well shy of the $19.6tn in mutual funds, ETFs are closing the gap, powered by popular new products, such as February’s launch of the first ever spot bitcoin ETFs....
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